EQUITY ALERT: CBD Energy Limited Investors are Rem

NEW YORK, Dec. 11, 2014 (GLOBE NEWSWIRE) -- Rosen Law Firm reminds purchasers of CBD Energy Limited (Nasdaq: CBDE ) stock between June 12, 2014 and October 24, 2014 of the important December 26, 2014 lead plaintiff deadline in the class action filed by the firm.

"The trading halt will not delay the lawsuit filed by my firm," said Rosen attorney Phillip Kim. "Rather the trading halt, which we believe is related to the securities law violations alleged in the lawsuit, have caused investors further harm. This case appears to be another instance of a public company putting corporate greed ahead of shareholders and truthful disclosure," said Kim.

To join the CBD class action, go to the website at http://www.rosenlegal.com/cases-411.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.   The suit is pending in U.S. District Court for the Eastern District of Texas.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, CBD issued materially false financial statements during the Class Period. On October 24, 2014, CBD Energy announced that its previously issued audited financial statements for the fiscal years 2012 and 2013 and interim financial statements for the six months ended December 31, 2013 (the "December Statements") cannot be relied upon by investors. According to CBD Energy, certain related-party transactions involving its Executive Chairman and Managing Director, Mr. McGowan were not accurately disclosed in its financial statements. The Company also disclosed that restatement of the December Statements are due to uncertainties about: (i) an expectation of realizing full (or any) value of a deposit of approximately $680,000; (ii) the adequacy of disclosures regarding goodwill and the possibility of recognizing an impairment; (iii) the capitalization of certain payments related to the costs of issuing retail bonds in the United Kingdom; and (iv) classification of certain expenses. On this news, shares of CBD Energy fell sharply on October 24, 2014, damaging investors.

If you wish to join the class action at no cost go http://www.rosenlegal.com/cases-411.html  or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com .

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Laurence Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm P.A. 275 Madison Avenue, 34th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 www.rosenlegal.com